Western Digital SOARS Despite Tough Economy and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): Earlier this month, Intel Corporation said that they will buy up to 15% of ASML Holding NV for more than $4 billion, in U.S currency. Through this acquisition, Intel is expected to speed the adoption of the next generation of chip manufacturing processes from ASML, by two years. The trading of Intel’s shares began with a price of $25.02, and throughout the session, prices climbed to a high of $25.52. When day trade ended, their stock finally gained 0.50% to $25.13. Insiderslab.com believes that this is an effective way see if insiders, such as Chief Executive Officers, Chief Financial Officers, and Intel Corporation Directors, are starting to buy more company shares. Their shares traded up $0.37 (1.47%), to close at $25.50.
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Broadcom Corp. (NASDAQ:BRCM): Broadcom Corp. has announced a new chip for smartphones, tablets, Ultrabooks and other small form factor devices. This is their BCM4335, which is being promoted as the “industry’s first” 5G WiFi Combo Chip for connectivity to extremely fast 802.11ac networks. Included with the BCM4335, is a a complete 5G WiFi system, a Bluetooth 4.0 and FM radio, all on a single, integrated chip. Their shares traded down $0.10 (0.30%), to close at $33.08.
QUALCOMM Incorporated (NASDAQ:QCOM): According to a report in the Shanghai-based First Financial Daily, Apple (NASDAQ:AAPL) will postpone the launch of their next iPhone because there are not enough 28 nanometer chips from Qualcomm Incorporated(NASDAQ:QCOM). Qualcomm will need until the end of this year to be able to tackle this short supply issue so that they will be able to meet Apple’s demand. Their shares traded up $0.93 (1.62%), to close at $58.21.
Rambus Inc. (NASDAQ:RMBS): Rambus announced that the International Trade Commission, or ITC, has issued its notice of final determination in the action brought by Rambus against LSI Logic, ST Microelectronics and other respondents. In its notice, the ITC affirmed the initial determination of Administrative Law Judge (NYSE:ALJ), Theodore R. Essex, with respect to the asserted patents, that there was no violation of Section 337 of the Tariff Act of 1930. The Commission also reversed the ALJ’s determinations where Rambus demonstrated the existence of a domestic industry, that certain asserted Dally claims were invalid, and that those claims were infringed upon. Thomas Lavelle, SVP and general counsel at Rambus commented, “We are evaluating our next steps in this matter, which may include a possible appeal to the Federal Circuit. We remain steadfast in our commitment to protecting our patented inventions from unlicensed use.” Rambus has not yet received the full opinion by the Commission. Their shares traded down $0.38 (8.80%), to close at $3.94.
Western Digital Corp. (NYSE:WDC): After their quarterly report raised hopes that the hard disk-drive industry is holding up better than expected, in a tough environment, shares of Western Digital Corp. (NYSE:WDC), soared more than 20%. Their shares traded up $6.80 (20.94%), to close at $39.27.
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